Maybe some airlines just weren't destined to make it

At what point do you sit back and say that the cost cutting in the airline business is affecting safety? I realize that the odds that any flight will actually need the life preservers is miniscule, but that’s the point of safety equipment. If you never need it, it’s done its job.
It seems that globally there have been a few more accidents lately. I believe there were 3 major crashes in the last two weeks. With all of the cost cutting going on, how do you make sure that the airline isn’t getting too close to the line on safety requirements?
— Update —
It seems that we’re getting notices of new fees about once a week now. Here’s the latest from NWA, $15 for your first checked bag. It just keeps getting better.